Thread: AA CEO Expects 2Q Profit (With US Air money...)

The free lifetime first class flight benefits are for Tom Horton and his wife - worth approximately one million.


Severance package breakdown
$9,937,500 in cash


$9,937,500 in shares of the new company’s common stock


Lifetime flight and other travel benefits with new company (including spousal and survivor benefits)


For two years following the closing will be provided with off-site office and administrative support


Legal fees incurred in connection with the agreement to be reimbursed by American.

Tom Horton will serve as chairman of the new company (US Airways CEO Doug Parker will be CEO) until either one year after the closing of the merger or the day prior to the first annual meeting of stockholders, wherever comes first (the stockholder meeting cannot be held prior to May 1, 2014


Mr. Horton took over as CEO of American the day before the company filed for bankruptcy protection November 2011. If the time line for the merger goes as planned, Mr. Horton will have been CEO of AA for a little over 2 years.